Retail Automation Market Stock and Sales Analysis, Supply and Forecasts Report By 2025

Retail Automation Market Stock and Sales Analysis, Supply and Forecasts Report By 2025

“Rapid growth of retailing sector can be attributed to growing consumer demand for quality service as well as reduction in variable cost for retailers.

Increasing global awareness regarding wireless technology and its integration with automated retail is presumed to boost retail automation industry over the forecast period.�

Rapid growth of retailing sector can be attributed to growing consumer demand for quality service as well as reduction in variable cost for retailers. Increasing global awareness regarding wireless technology and its integration with automated retail is presumed to boost retail automation industry over the forecast period.

Retail automation comprises self-service and standalone stalls in busy locations such as malls, airports and convenience stores. With the help of touch-screen interface, customers are able to select products, pay for purchases using a debit or a credit card. For instance, Best Buy Express has installed vending machines at international airports that enable automated shopping of consumer electronics. The vending machines hold bottled drinks, fast food products, candies and other products. The system requires low maintenance costs, which are expected to contribute substantially towards market growth over the forecast period.

Automated retail’s application verticals include outdoor payment terminals, petroleum retailing, RFID tag reader, and outdoor thermal printer. The global industry can be segmented on the basis of product and industry verticals.

Segmentation on the basis of product includes physical electronic POS and unattended terminals. Physical electronic enables recording, tracking, processing credit and debit cards, as well as managing inventory. Selfcheckout systems and vending machines are a part of the unattended terminal. Industry segmentation on the basis of industry verticals includes oil & gas, health and personal care, food and non-food, hospitality, and transportation, and logistics.

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The industry has witnessed sharp growth during the past few years as it reduces labor costs associated with retailing. Implementation of automated retailing enables companies to forecast demands based on sales figures generated, in order to reduce the labor cost and minimize costs across the value chain. The machine captures customer’s feedback by prompting after-sale feedback on the screen as soon as the product is dispensed out of the machine. The system helps to optimize profitability, which is presumed to drive the industry growth over the next seven years. Automated retailing enables optimized profitability as it incorporates data mining, which discovers patterns in large data sets and thereby helps retailers to forecast demands, manage inventory, track stocks online, and generate periodic cash reports.

Automated retailing is expected to witness significant growth over the forecast period as it enhances customer satisfaction and provides convenience to customers by preventing formation of long queues for purchase. The system facilitates customers with 24/7 access to products that can be purchased irrespective of place and time constraints. Integration of automated retailing systems with innovative technologies, such as Big Data Intelligence, is anticipated to drive market growth over the forecast period. It enables companies to retain customers’ data and utilize it for data analysis in order to improve the company’s sales and marketing strategies. However, lack of technical knowledge among customers is expected to challenge market growth, especially in regions with slow adoption rate of innovative technologies.

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North America is anticipated to witness considerable growth in market share owing to favorable economic conditions and increased adoption of automated retail machines across the region. Europe is expected to gain considerable market share over the forecast period due to increasing number of retail chains and their product lines.Asia Pacific is envisioned to witness significant growth over the forecast period as the use of vending machines across emerging economies, such as India and China, has been increasing across public transit services and corporate buildings to sell convenience products. After the economic crisis in Japan, the region has witnessed considerable growth in capital spending during the past few and is envisioned to drive market growth over the next seven years.

The industry is expected to incorporate significant opportunities over the forecast period as it eliminates limitation space and high labor cost for retailers. The system is being increasingly deployed across shopping malls and schools, and is presumed to find various applications across public areas in the recent future. The vending machines are stacked with drinks, snacks, umbrellas, cosmetics, and accessories for mobile phones and cameras that allow various payment options, including cash, smart cards, and credit cards.

Honeywell commercializes an automated fuel retailing system, which provides various automated petroleum retailing services to the customers, and reduces supply chain issues such as inventory management .The product’s

retailing services include RFID attendant tagging, automated fuel dispensing, bill printing at the isle, tank inventory management, dry stock sale and accounting, dynamic centralized pricing and video surveillance.

Market Segment: This report focuses on the global top players, covered • Datalogic S.P.A. • First Data Corporation • NCR Corporation • Fujitsu Limited • Toshiba Global Commerce Solutions Inc. • Honeywell Scanning and Mobility • Kuka AG • Wincor Nixdorf AG • Zebra Technologies Corporation • Pricer AB • Posiflex Technology Inc. • E&K Automation GmbH • Probiz Technologies Prvt Ltd. • Simbe Robotics, Inc. • Greyorange • Inmarket LLC. • Arkrobot Market segment by Regions/Countries, this report covers • United States

• Europe • China • Japan • Southeast Asia • India See More Reports of This Category by Million Insights @ https://www.millioninsights.com/industry/computing-and-technology

Market segment by Type, the product can be split into • PoS • Barcode & RFID • Barcode & RFID • Electronic Shelf Labels (ESL) • Autonomous Guided Vehicle (AGV) • Automatic Storage and Retrieval (ASRS) • Automated Conveyor Market segment by Application, Retail Automation can be split into • Hypermarkets • Supermarkets • Single Item Stores • Fuel Stations • Retail Pharmacies

The key points of this report are: • To study and forecast the market size of Retail Automation in global market.

• To analyze the global key players, SWOT analysis, value and global market share for top players.

• To define, describe and forecast the market by type, end use and region.

• To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.

• To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.

• To identify significant trends and factors driving or inhibiting the market growth.

• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market • To strategically profile the key players and comprehensively analyze their growth strategies.

Key Stakeholders • Retail Automation Manufacturers • Retail Automation Distributors/Traders/Wholesalers • Retail Automation Subcomponent Manufacturers • Industry Association • Downstream Vendors Browse Full Research Report @ https://www.millioninsights.com/industry-reports/retail-automation-market

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